Next Ecb Interest Rate Decision 2024. Ecb cuts deposit rate by 25 basis points to 3.5%. Markets are betting on another rate cut in september, pricing in a roughly 85 per cent chance of the ecb reducing its benchmark deposit rate by 0.25 percentage.
The euro briefly touched a session high after the rate decision and was last stood around $1.1028. The european central bank today cut its key interest rate again as inflation cools but warned of continuing price pressures and gave no indication of the path.
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